30 April – 04 May

30 April

Sterling began a tricky week on the back foot, sliding against the dollar and the euro amid fresh worries about UK government stability and economic data business.

A closely-watched leading indicator of the Swiss economy steadied in April after a bigger than previously thought decline in March.

Whatever happened to the law of large numbers? High-growth companies slow down as they get bigger: it’s as inevitable as gravity. If so, then someone forget to tell some of the big tech companies. Their growth is actually re-accelerating. Google parent Alphabet has just produced its strongest growth since 2013 – even though its quarterly revenues are now more than twice as big as they were back then.

Shares in Interserve plummeted 13 per cent on Monday after the struggling government contractor revealed widening losses.

01 May

It looks like the dollar is back in fashion. The index tracking the world’s reserve currency against six of its rivals is trading around some of its highest levels of the calendar year.

Inflation in Thailand has risen by more than 1 per cent for the first time in more than a year, after an official reading for April came in ahead of expectations.

The head of audit at the UK’s sixth-largest accounting firm has called for tighter restrictions on the range of services auditors can offer their clients amid growing concerns about conflicts of interest in the audit market.

Sony shares dipped as much as 6.1 per cent on Tuesday on return from a long holiday and after the company predicted a fall in operating profit for the 2019 fiscal year.

02 May

Apple sprayed more money at its shareholders in the first quarter of 2018 than any company in history — even before the new $100bn buyback programme and a 16 per cent increase in the dividend that it announced on Tuesday.

Growth in the eurozone hit its slowest pace for a year and a half in the first quarter of 2018, confirming fears of a slowdown in the single currency area after a stronger-than-expected 2017.

Mondelez, the company behind Oreo cookies and Sour Patch candy, beat sales and profit forecasts in the first three months of the year.

Mattel shares were in need of a Lightspeed Rescue on Tuesday as rival Hasbro announced a deal to buy Power Rangers and other media brands from Haim Saban in a $522m cash and stock deal.

03 May

The US dollar traded at its strongest level for this year minutes out from the Federal Reserve’s May policy meeting.

New signs of European economic weakness emerged on Wednesday as the eurozone recorded it slowest growth in 18 months, heightening fears the currency union’s post-crisis recovery is petering out.

Spotify shares dropped more than 7 per cent in after-hours trading, after the company reported revenues and user growth that were roughly in line with forecasts.

Higher costs and lower US demand saw Kraft Heinz’s organic sales drop yet again, as the food giant behind brands like Heinz ketchup and Jell-O tries to revive lacklustre growth.

04 May

Attacked by both left and right and under pressure from the markets, Mauricio Macri issued a plea for Argentina’s voters and investors to stick with his gradual approach to economic reform.

China opened trading in Dalian iron ore futures to overseas investors on Friday, aiming to increase its pricing influence over the commodity of which it is the world’s largest importer.

Shake Shack is expanding — and it’s not just the steady diet of burger and fries. The food chain saw its shares jump in after-hours trading on Thursday after it dished up better-than-expected earnings and lifted its guidance as it continues to add stores around the US and overseas.

Numis, the Aim-listed UK broker, posted double-digit growth in revenues and profits in its half-year results on Friday, despite “mixed” market conditions and pressure from new European markets rules.